For Lease · Multifamily

BASEMENT - 2979 LAWRENCE AVENUE E, Toronto (Bendale)

BASEMENT - 2979 LAWRENCE AVENUE E, Toronto (Bendale), ON M1P2V6

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

85%

About this property

Here Is Your Chance To Live Right Off Of Lawrence Ave! Cozy 1 Bdrm Unit For Lease On The Basement! Tastefully Upgraded W/Modern Finishes In Kitchen & Bathroom. Conveniently Located On Lawrence Ave, In Between Brimley & McCowan - Very Easily Accessible For Commuters, Steps From TTC, Close To Plazas, Grocery, Shops, Few Mins Drive To Scarborough Town Centre & 401. Virtually Staged. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

131,029

Households

51,580

Median income

$112,500

Median age

34.4

Daytime population

161,169

5-yr growth

5.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for BASEMENT - 2979 LAWRENCE AVENUE E, Toronto (Bendale).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.